Producing a product at the lowest cost


Discussion:

Question 1

In operations management, _____ refers to completing a task or producing a product at the lowest cost.

Question 2

_____ software enables users to test, analyze, and optimize designs. These programs allow users to find and correct design flaws before production.

Question 3

_____ production emphasizes production of goods to meet actual current demand, therefore minimizing the need to hold inventories of finished goods and work-in-process.

Question 4

_____ software provides powerful drawing and drafting tools that enable users to create and edit blueprints and design drawings quickly and easily. These programs allow users to create three-dimensional drawings.

Question 5

_____ software takes the electronic design for a product and creates the programmed instructions that robots must follow to produce a product as efficiently as possible.

Question 6

_____ is the set of strategies and practices to eliminate waste.

Question 7

In project scheduling terminology, _____ are activities that must be completed before other activities can begin.

Question 8

_____ can be produced independently of the consumer and then stored and shipped.

Question 9

Most manufacturing firms are concerned about the availability of reliable electricity and water supplies when making location decisions. These considerations deal with the:

Question 10

Background music, lighting and the use of scents are all factors of ____________ in servicescape designs.

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Operation Management: Producing a product at the lowest cost
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